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Bill[_12_]

Keyser Soze wrote:
On 10/23/17 3:03 AM, wrote:
On Sun, 22 Oct 2017 17:53:33 -0400, Keyser Soze
wrote:

On 10/22/17 1:53 PM, Bill wrote:
wrote:
On Sun, 22 Oct 2017 12:56:36 -0400, Keyser Soze
wrote:

On 10/22/17 12:05 PM, Mr. Luddite wrote:

You just seem to be opposed to anything others have that you don't.

Not at all. Too many of the rich have too many ways to avoid manner of
serious taxation. Trump also wants to eliminate the AMT. If, if you want
to eliminate the estate tax and perhaps the AMT, just tax all income as
ordinary income, okay? Okay?

The AMT ends up grabbing a lot of middle class people. It was a "good
idea" that backfired.

As for tax, I would go with a flat tax if I wanted to be fair. Just
set a pretty high personal exemption and tax the rest at a flat rate,
no deductions. If it was 16%, guys like Buffett would be paying more
... if you believe what he says.

I have no problem with taxing all income as ordinary income. But qualified
dividends were already taxed at the 39% corporate tax rate, and then the
person getting them pays 20% of that money to the Fed. Seems as if that
makes a tax rate of about 51%. Fair?

I doubt many corporations are paying at the 39% rate.

It depends on 39% of what?
That is what they pay on their profits but like most taxes, with the
right accountant, you can reduce your tax liabilities. If you had a
simpler tax code, you could reduce the rate and still get as much if
not more money.

Why, you must be reporting fake news, because Oracle Trump claims big
corporations doing business here are paying at that 39% rate, even
though it has been reported on the news over and again that big
corporations basically can run their books in ways that absolutely
minimize their taxes. Wait...is Trump bull****ting us all *again*?

Nope, Trump is correct. When a corporation has profit they can not
offshore, they pay 39%. Lots of corporations are US only. And they have
a problem competing with offshore corporations that pay 20%. Extra 19% of
the profit can make for lower prices.